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EXIM INDIA PRODUCTS :

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Global schedule
reliability improves in Feb.

Global schedule reliability
improved by nearly 5 percentage points from January to February, according to
SeaIntel’s latest industry-leading Global Liner Performance report. On-time
performance increased to 72.2 per cent during the month (based on 9,931 vessel
arrivals). Data from INTTRA shows that container delivery increased to 54.2 per
cent in February, from 49.1 per cent in January, based on 2.8 million container
arrivals.

In February, Hamburg Süd was the
most reliable carrier with an on-time performance of 86.2 per cent. It was
followed by CSAV and Maersk Line with a recorded on-time performance of 84.4 per
cent and 83.4 per cent, respectively.

"The improvement in global
schedule reliability was clearly reflected among the Top 20 carriers, as 19
carriers recorded an increase in performance from January to February… For the
first time since February 2014, we see that Hamburg Süd is back on the top spot…,"
said Mr Morten Berg Thomsen, shipping analyst at SeaIntel.

Reliability in the Transpacific
EB trade lane (999 vessel arrivals) decreased for the seventh consecutive month
to 39.8 per cent, while container delivery decreased to 20 per cent. Both scores
represent a new record-low performance in the trade lane. In the Asia-North
Europe trade lane (730 vessel arrivals), on-time performance increased to 73.2
per cent, which marks a Y/Y improvement of 23.2 percentage points, while the
Asia-Mediterranean trade’s (735 vessel arrivals) schedule reliability dropped
to 63.4 per cent.

Mr Berg Thomsen added: "The most important
incident taking place in February was the agreement reached between the Pacific
Maritime Association and the International Longshore and Warehouse Union; so the
situation at the US West Coast can return to normal, although it will take some
months. In February, we saw that the Transpacific EB trade lane declined to a
level that is lower than even some of the trade lanes to Africa that notoriously
are known for having a very low performance due to low productivity in the ports
and very poor hinterland infrastructure. This just underlines how important this
agreement was to the industry and the US."